--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

CNPC's Half-year Revenue Rise 39.6%

China National Petroleum Corporation (CNPC), China's largest oil and gas producer, announced Thursday that its income from its major business in the first half year is 335 billion yuan (US$40.5 billion), up 39.6 percent year on year.

CNPC's profits in the six-month period grew by 19.2 billion yuan (US$2.3 billion), up 37 percent from a year earlier.

The tax paid by the corporation in the first half year is 12.9 billion yuan (US$1.6 billion), an increase of 25.9 percent.

In the six months the corporation produced 65.45 million tons of crude oil, up 3.9 percent, and 18.4 billion cubic meters of natural gas, up 20.1 percent.

In its oil refining and chemical sector, CNPC refined 59.3 million tons of crude oil in the firs half year, 10.4 percent more than a year earlier, and its output of gasoline, diesel and kerosene during this period was 10.8 percent higher over the same period of last year.

Furthermore, CNPC's domestic sales of refined oil increased by 11.2 percent, and the output of chemical products, up 8.9 percent.     

In its international business sector, CNPC saw its overseas oil and natural gas output grow by 9.6 percent and 8.1 percent respectively over the first half year of 2004.

The construction of CNPC's major oil and gas pipelines and major refinery bases made good headway in the period.

CNPC also save 350,000 tons of standard coal and 28 million cubic meters of water in its operations in the first six months of 2005.

(Xinhua News Agency July 22, 2005)

1st Private Oil Group Established Amid Disputes
Oil Giant CNPC Absorbs Engineering Firm
PetroChina Acquires Overseas Assets from CNPC
Refinery Expansion in Xinjiang Approved
CNPC Reports Record Profits
Move to Tap Offshore Oil Potential
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688